Interim Group Management Report for the quarter ended 31 March 2011 approved - First quarter 2011 results confirm Unipol Group's progress
Thursday, May 12, 2011
Consolidated net profit €33m, without taking BNL Vita's contribution into account (-€15m in the first quarter of 2010)
Non-Life premiums €1,067m (+8.5%); Life direct premiums €637m (+37.0%)
Positive contribution from the specialised companies: UniSalute premiums €96m (+56.5%) and Linear €48m (+16.4%)
Combined ratio 100.3%, better than in the first quarter of 2010 (105.1%) and than on 31 December 2010 (102.1%)
Solvency I 1.4 times the regulatory requirements